Avalon Advanced Materials (TSE:AVL) Hits New 52-Week Low – What’s Next?

Shares of Avalon Advanced Materials Inc. (TSE:AVL) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 86000 shares changing hands. The stock had previously closed at C$0.04.

Avalon Advanced Materials Price Performance

The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05. The company has a market cap of C$19.78 million, a P/E ratio of -7.00 and a beta of 1.86. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.

About Avalon Advanced Materials

Avalon Advanced Materials Inc is a Canadian critical minerals development company focused on vertically integrating the Ontario lithium supply chain. The company is currently developing its Separation Rapids deposit near Kenora, ON. while continuing to advance other projects in its portfolio. In additional to extraction activities, Avalon is executing on its key strategic objective of constructing Ontario’s first midstream lithium hydroxide processing facility to bridge upstream lithium production and downstream EV battery manufacturing.